BTC has recently touched the 9100 Support on the 1D level, issuing a rebound that kept the short term trend on a Descending Triangle . This support action has the potential to turn into a Double Bottom .
Since the Bear Cycle bottom at 3200, Bitcoin has respected the Double/ Triple Bottom formation on all instances. As you see on the chart when the Double Bottom was followed by a Golden Cross formation on 1H, the price started an aggressive rise.
It is then natural to assume that if we now see a Golden Cross we can expect an aggressive rise on the short term.
The Great Britain Pound (GBP) fell against the Japanese Yen (JPY) on Tuesday, decreasing the price of GBPJPY to less...